Buying an electric vehicle just got more complicated — but cheaper, if you can find the right model. The Inflation Reduction Act — a centerpiece of President Joe Biden’s plan to tackle climate change and reduce inflation — renews the existing $7,500 tax credit for new EVs and introduces a $4,000 credit for used EV... Benjamin Din writes for NerdWallet.

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  • Panasonic's battery unit benefits from US subsidy as weak EV demand to impact sales
    Panasonic Group reported a record-high net income for the fiscal year ending in March 2024. Its battery business received significant tax credits from the US Inflation Reduction Act (IRA).
    05/9/2024 - 9:04 pm | View Link
  • US loosens battery rules, making more EVs eligible for tax credits
    The U.S. government has adjusted some regulations regarding electric vehicle (EV) tax credits, potentially expanding eligibility for credits of up to US$7,500 ...
    05/7/2024 - 11:08 pm | View Link
  • Final EV Tax Credit Rules Don’t Change Much for Consumers
    The U.S. Department of the Treasury and the IRS unveiled the final rules for the federal electric vehicle tax credit, a key step in the Biden administration’s plan to accelerate the adoption of ...
    05/6/2024 - 6:21 am | View Link
  • More EVs made eligible for tax credit
    DETROIT -- The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more vehicles eligible for credits of up to $7,500.
    05/3/2024 - 7:43 pm | View Link
  • US Loosens EV Battery Rules, Expands Tax Credit Eligibility Amid Controversy
    Amidst escalating tensions over electric vehicle (E.V.) tax credits, the U.S. government has relaxed stringent regulations, potentially widening eligibility for tax credits up to $7,500. This move, ...
    05/3/2024 - 6:59 pm | View Link
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